Business / Companies
$2 billion needed to revive NRZ
18 Jan 2016 at 06:28hrs | Views
National Railways of Zimbabwe (NRZ) requires about $2 billion to be fully revitalised and transformed spokesperson for the parastatal, Fanuel Masikati has said.
In the medium term, he said the organisation needed $500 million to restore its infrastructure to acceptable levels.
He said NRZ was currently implementing a number of strategies to enhance capacity in the short term using a combination of its own resources and funds received from government through the Public Sector Investment Programme.
In the medium term, he said the organisation needed $500 million to restore its infrastructure to acceptable levels.
He said NRZ was currently implementing a number of strategies to enhance capacity in the short term using a combination of its own resources and funds received from government through the Public Sector Investment Programme.
Source - The Standard
